EU trade ministers hopeful of 12th WTO Ministerial Conference in 2022
21 Feb 22 2 min read
The ministers also encouraged the European Commission to continue the efforts it has been making so far at the World Trade Organisation (WTO) to maintain a high level of engagement on all issues on the Ministerial Conference agenda, an official release said.
The informal meeting determined strategic guidelines for the EU’s trade policy action and the issue of the future of the WTO, the deepening of trade and investment relations between the EU and the African Union (AU), and transatlantic relations. The meeting also discussed alleged coercive measures China has taken against Lithuania.
The member states reaffirmed their full support to the European Commission for the negotiation of an agreement on trade and health, in a comprehensive approach combining measures to facilitate access to and distribution of the most innovative medicines and vaccines for all, as well as commitments to transparency, governance of export restrictions and trade facilitation measures.
- Median inflation expectations in EU over next 12 months at 3% in March
- Netherlands ranks fourth in EU for GDP per capita in 2023
- CARBIOS launches World's first PET biorecycling plant in France
- Straits of Dover, Taiwan busiest among 6 passages in Jan 2022-Apr 2024
- Germany’s exports to non-EU nations decline in March 2024
- A.Celli Nonwovens to show production solutions at ANEX 2024
They called for WTO talks to be stepped up in order to improve the organisation’s functioning and adapt its rules, so that it can overcome current challenges, especially those related to sustainable development and digital technology, and also to strengthen the fight against unfair practices that distort international trade.
They also held an initial discussion on the initiative launched by the WTO director general and the European Commission to bring together a coalition of trade ministers sharing a high ambition in fighting climate change to maintain political momentum on these crucial challenges.
Fibre2Fashion News Desk (DS)
Popular News
|
New garment accessory factory to create 20,000 jobs in Kenya |
|
Australia ramps up sustainable fashion amid growing awareness |
|
Chinese firm to set up $27.8 mn sock manufacturing plant in Bangladesh |
|
German brand Puma teams up with KidSuper to redefine sportswear |
|
Germany's BASF offers sustainable polyamides for textile industry |
|
China, Australia deliberate FTA execution: Reports |